How to Be Savvy With Debt
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 17 October 2018
⏱️ 17 minutes
🧾️ Download transcript
Summary
Learn how other people's money (OPM) and the smart use of debt can build your wealth.
Not all debt is inherently bad!
Why is mortgage debt triggering people?
Mortgage rates are only 5% for 30 years and are partially tax-deductible.
Credit cards with high interest rates are the real culprit!
Don't use debt for depreciating assets.
Mortgages can be great forced savings plans because the debt will become equity.
In this podcast I help you think through why you may want to set up a retirement plan before paying off your mortgage.
Wealth requires knowledge + action.
Get my book, "You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!"
Available at Amazon: http://amzn.to/2Hy9qk4
Join me on Instagram at http://Instagram.com/lindapjones
All podcasts are available at http://lindapjones.com/podcasts
Please subscribe, rate and review the show.
Today's sponsor is Audible - Get your first audiobook for FREE today, here: https://www.audible.com/lp/freetrial?source_code=PDTGBPD060314004R
Over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player. This is the way I "read" more books and stay ahead of the curve.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Be wealthy and smart episode 471. |
| 0:02.8 | I'm gonna live no rich life. |
| 0:06.8 | Rich life. |
| 0:07.8 | The best life. |
| 0:09.8 | If y'all know what I mean, put your hands up and declare with me |
| 0:13.6 | Yeah, I'm full of bed time I'm gonna live the good life |
| 0:20.7 | I'm gonna live the good life |
| 0:21.1 | A beautiful and glorious by Step into a world of wealth and financial freedom without budgets, boredom or bosses on be wealthy and |
| 0:30.3 | bosses on be wealthyy and Smart. |
| 0:33.9 | And now here's your host, Linda P. Jones. |
| 0:37.7 | Welcome to Be Wealthy and Smart. |
| 0:39.1 | I'm Linda P. Jones, America's Wealth Mentor. |
| 0:41.6 | Empowering women and men worldwide to financial freedom. |
| 0:45.2 | On today's show, we're going to talk about how to be savvy with debt because here's what keeps |
| 0:50.7 | happening. |
| 0:52.0 | I keep finding people who get really triggered about debt. |
| 0:57.0 | And what I mean by that is there is this opinion now that all debt is bad and it has to be paid off immediately |
| 1:07.6 | no matter what and there's not rational thinking around the use of debt. |
| 1:14.0 | And that's what I want to talk about today because debt can be a very powerful tool. |
| 1:21.0 | I always go back and say that millionaires know this and there used to be a term called |
| 1:28.6 | other people's money or OPM that was written about a lot when I was growing up. Whenever I would read |
| 1:34.8 | books about millionaires or autobiographies of millionaires or they would write |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Linda P. Jones, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Linda P. Jones and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.